Nov 10 (Reuters) - Origin Energy Ltd (ORG) :
- RECEIVES NON-BINDING INDICATIVE OFFER AT A$9.00 SHARE
- RECEIVED AN INDICATIVE, CONDITIONAL AND NON- BINDING PROPOSAL FROM BROOKFIELD ASSET MANAGEMENT INC.
- THIS INDICATIVE PROPOSAL VALUES ORIGIN AT A$18.4 BILLION ON AN ENTERPRISE VALUE BASIS
- UNDERTOOK A PERIOD OF LIMITED DISCUSSIONS AND INFORMATION SHARING WITH CONSORTIUM
- INDICATIVE PROPOSAL FOLLOWS AN EARLIER INDICATIVE PROPOSAL FROM CONSORTIUM TO ACQUIRE ORIGIN FOR A$7.95 CASH PER SHARE ON 8 AUG
- HAS ENTERED INTO A CONFIDENTIALITY AND EXCLUSIVITY AGREEMENT WITH CONSORTIUM
- INDICATIVE PROPOSAL PROPOSES ULTIMATELY BROOKFIELD ACQUIRE MARKETS BUSINESS AND MIDOCEAN WOULD ACQUIRE INTEGRATED GAS BUSINESS
- NOTES NO CERTAINTY AT THIS STAGE INDICATIVE PROPOSAL AND ENGAGEMENT BETWEEN ORIGIN AND CONSORTIUM WILL PROGRESS TO BINDING PROPOSAL
- INTENDS TO GRANT CONSORTIUM OPPORTUNITY TO CONDUCT DUE DILIGENCE TO ENABLE IT TO PUT FORWARD A BINDING PROPOSAL
- SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION
- IF CONSORTIUM MAKES BINDING OFFER AT A$9.00 CASH PER SHARE, BOARD INTENDS TO UNANIMOUSLY RECOMMEND
News: ORG Origin Energy Says It Receives Non-Binding Indicative Offer At A$9.00 Share
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